All-Island Business Monitor

The latest results from InterTradeIreland’s Business Monitor (Q2 2020) make for stark if unsurprising reading. It quantifies and puts into perspective the massive disruption and strain caused by Covid-19 across the island. It also illustrates a “digital divide” between larger firms and micro SMEs that has been exposed by the pandemic.

• Prior to the pandemic, 42 per cent of firms say they were in growth mode; this has now dropped to 15 per cent.
• The number of businesses across the island that are in decline has jumped from 7 per cent and now stands at 53 per cent.
• 70 per cent of firms with less than ten staff say that employees have no access to emails or company files and documents.
• 73% of firms say they are planning to re-hire staff.

The infographic illustrating the findings from the latest Business Monitor is below, titled Q2 2020. You can also find the press release on the news section of our website.